ECONOMICS - Dutch Rabobank enters Turkey’s banking market

ECONOMICS - Dutch Rabobank enters Turkey’s banking market:

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Turkey’s banking regulator has approved the establishment of a deposit bank that will have the Dutch Rabobank group as the controlling shareholder.

Rabobank will control 96 percent of the bank which will have an initial capital of $300 million (575 million Turkish Liras).

The Banking Regulation and Supervision Agency’s approval (BDDK) has been published on today’s edition of the official gazette.

Ranked 26th in The Banker magazine’s world’s 1000 largest banks list, Rabobank also figures among the world’s 50 safest banks chosen by Global Finance magazine."

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